Boston Scientific prices $4.3B senior notes offering

The Marlborough, Mass.-based company said that it plans to offer $850 million in 3.45% notes due 2024, $850 million in 3.75% notes due 2026, $850 million in 4% notes due 2029, $750 million in 4.55% notes due 2039 and $1 billion in 4.7% notes due 2049.

The company said that it plans to use funds from the round to fund a portion of its BTG (LON:BTG) acquisition, which it announced last November.

Funds will also be used to redeem outstanding notes, including 6% notes due January 2020 and 2.85% notes due May 2020, and to repay amounts outstanding from its $1 billion term loan facility set to mature in August 2019.

Boston Scientific said that it expects the offering to close on February 25.

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